Confidence survey provides insight into key election issue
Queensland’s property industry has maintained its position as the second most optimistic in the country according to Australia’s largest business confidence survey, the ANZ/Property Council Survey.
Over the past quarter, Queensland experienced a slight drop in confidence from 143 to 139 on the index, with a score of 100 considered neutral. However it is the insight the survey provides into the State election which is most interesting, says Queensland Executive Director of the Property Council of Australia, Chris Mountford.
“While the survey was undertaken in December and prior to the announcement of the 31 January election, the results clearly point to planning reform as a key election issue,” Mr Mountford says.
“Over the past two years a significant amount of work has been done to streamline and reform Queensland’s overly complex planning system.
“The industry’s endorsement of these changes is reflected in the continued strong positive response when asked whether or not the State Government is doing a good job planning and managing growth.
“On this issue, the Queensland Government’s performance rating is more than twice that of NSW and streets ahead of the other mainland states.
“However, with proposed planning legislation that was before the Parliament lapsing as a result of the election being called, the next wave of these important reforms is now in jeopardy.
“A failure to deliver on the promise of these reforms will be a major blow to the property industry’s confidence.
“That is why we are calling for bipartisan support of the proposed planning reforms and a commitment from all parties to supporting and resourcing the implementation of these reforms by local government.
“A planning system that engages the local community and provides certainty and consistency will secure brighter cities and a stronger economy for all Queenslanders.”
For comment:
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Chris Mountford |
David Cannington |
Full results available at www.propertyoz.com.au/confidence